Economy - Most Commented


Americans purchase more even as net worth shrinks

Dec 9, 2011
From July to September, American families purchased more, even as their net worth shrank faster than it has at any time since the worst of the financial crisis.
Posted In: consumer confidence, retail sales, consumer spending

PODCAST: A less-than-perfect (European) Union

Dec 9, 2011
European leaders meet in Brussels for yet another summit to determine the fate of the EU, and Britain has announced it won't sign off on any fiscal union. Another summit wraps up in South Africa today, as the UN concludes its climate talks. Richard Cordray was blocked by Senate Republicans from an appointment as head of the Consumer Financial Protection Bureau.
Posted In: Europe debt crisis, United Nations

Markets hoping that EU deal goes through as planned

Dec 9, 2011
The EU plan still has to be ratified, and if the deal collapses, it could hit everything from the stock markets to the job outlook for Americans.
Posted In: stock market, Europe debt crisis

Markets had European debt drama 'baked in'

Dec 9, 2011
European countries agree to a deal on balanced budgets and debt reduction. A unanimous vote wasn't reached, but the BBC's Andrew Walker says investors already had limited expectations.
Posted In: eurobond, Europe debt crisis, bonds, david cameron

Will a balanced budget requirement come to the U.S.?

Dec 9, 2011
As news from Europe points to greater fiscal scrutiny for countries in the EU, questions are raised as to whether a balanced budget amendment here at home could finally pass.
Posted In: Washington D.C., federal budget

Banks are part of the solution

Dec 9, 2011
Banks' reputations have taken a beating since the financial crisis. But one bank CEO says the banking industry can help turn the economy around -- just not all by itself.
Posted In: Banks

Do the ratings agencies need a downgrade?

Dec 8, 2011
Europe and the U.S. are both exploring new options for judging the value of debt after increasing threats of downgrade from agencies like S&P and Moody's.
Posted In: ratings agencies, Standard & Poor's, Moody's, downgrade

The danger of relying on ratings agencies

Dec 8, 2011
As economic turmoil continues in Europe, leaders there -- and here in the U.S. -- are weary of the blind reliance on ratings agencies to value debt.
Posted In: Standard & Poor's, ratings agencies, Greek debt

PODCAST: Bigger stockpiles, butter shortage

Dec 8, 2011
Jon Corzine heads to Congress today to answer for the collapse of brokerage firm MF Global. The European Union is looking to the International Monetary Fund for bailout help, and that could have ripple effects in the U.S. Reporter Sally Herships looks at what other businesses can gain from big-box storse like Costco and Walmart. And the countdown to a big European summit is nearing its end.
Posted In: butter, Retail, Oil, Europe debt crisis

Barney Frank on the future of the Consumer Financial Protection Bureau

Dec 8, 2011
The consumer bureau was supposed to be a key part of Congressman Frank's financial reform law, the Dodd-Frank act. He talks about his frustration with Republicans who voted to block the confirmation of a director.
Posted In: Consumer Financial Protection Bureau